UMC to invest in PNG

LONDON-based UMC Energy is set to invest in developing its petroleum projects in Papua New Guinea.

UMC to invest in PNG UMC to invest in PNG UMC to invest in PNG UMC to invest in PNG UMC to invest in PNG

Through its agreement with Chinese multi-national CNOOC, the company owns a 30% interest in PNG Energy, with CNOOC holding the 70% stake.

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